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New Collector Purchasing Coins From Ebay

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New Member

United States
12 Posts
 Posted 07/17/2020  7:11 pm Show Profile   Bookmark this topic Add chsear11 to your friends list Get a Link to this Message Number of Subscribers
Hello, I am extremely new to coin collecting and just wanted to ask for any advise regarding buying coins on ebay. I have been looking at reviews, comments, and comparing prices. Someone did tell me to check the sellers feedback from where they have bought from as well. Also, is there a good way to tell if a coin has been polished or cleaned by the pictures? Any tips or advise would be appreciated. Thanks
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USSID18's Avatar
5464 Posts
 Posted 07/17/2020  7:37 pm  Show Profile   Bookmark this reply Add USSID18 to your friends list Get a Link to this Reply

Quote:
Also, is there a good way to tell if a coin has been polished or cleaned by the pictures? Any tips or advise would be appreciated.


Very difficult for a novice to tell. It takes experience and looking at many coins to tell the difference.

Type "Examples of Cleaned and Uncleaned Coins" into your google search or this forum. There are many helpful tips and videos out there.

http://goccf.com/t/361693

Edited by USSID18
07/17/2020 7:48 pm
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T-BOP's Avatar
United States
18456 Posts
 Posted 07/17/2020  8:16 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
Yes it's not just something you read about . You have to learn to feel it inside you . If after some time you think you've mastered it , don't stop educating yourself , because even a seasoned collector sometimes has trouble telling if a certain coin has been cleaned or not .
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USSID18's Avatar
5464 Posts
 Posted 07/17/2020  9:21 pm  Show Profile   Bookmark this reply Add USSID18 to your friends list Get a Link to this Reply
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Lancek's Avatar
United States
442 Posts
 Posted 07/17/2020  9:22 pm  Show Profile   Check Lancek's eBay Listings Bookmark this reply Add Lancek to your friends list Get a Link to this Reply
Avoid coins where the pic is at a funny angle, or poor lighting. Sometimes that is a way to hide problem areas. I personally avoid a seller if every coin they have for sale is super shiny. (well, old coins) Also sellers that over hype everything. "MS++++". Make sure the seller offers returns.
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machine20's Avatar
United States
1276 Posts
 Posted 07/17/2020  9:26 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
post some examples on here if you're unsure re: cleaning/damage
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hfjacinto's Avatar
United States
7276 Posts
 Posted 07/17/2020  9:34 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
Unless you know what to look for, it's hard to tell what is details and what isn't and it's worse when you can only tell via a picture.

With low cost coins I generally am comfortable if they are MS, with higher end coins I buy slabbed from ebay. I assume the grade is accurate. Most of the times it is, a few times it's not. I do check the slabbed website to make sure the coin is real and if the verification website has a picture I look at that also. Sometimes the grade isn't right and I'll ask the seller for a better price. I can always walk away if I don't like the price or the coin.

But saying all that, if you can find a local coin shop chances are the prices are better locally and you can see the item.

Your final option is to bypass ebay and buy from a dealers website. I use Allen's Coin Shop in Ohio and recommend them, they have great prices and ship super fast. And their grades tend to be conservative. I've always been pleased with what I get.
Edited by hfjacinto
07/17/2020 9:35 pm
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Big-Kingdom's Avatar
United States
1667 Posts
 Posted 07/18/2020  12:34 pm  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
Whatever you do I'd say starting out buy cheap coins. There is a learning curve that take time, experience and unfortunately, getting burned to learn the lessons. Keep it low cost, small purchases so "learning" doesn't have expensive lessons. When you are comfortable with what you know and know what to look for as "tells" for problem coi s or problem sellers, then move up to higher priced items. Also this will give you some history with sellers and you'll build some trust for certain ones and stay away from others.
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Earle42's Avatar
United States
10034 Posts
 Posted 07/18/2020  1:55 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
All of the above is great advice. My first thoughts were to look at pics online of slabbed coins labeled as improperly cleaned vs. MS examples.

Remember shiny does not mean mint condition/valuable. You can polish a worn coin to be very shiny...and many ebay coins are like this.

As a newbie another thing you need to realize is that grading companies are not consistent, and it is not rare to find problems with their evaluations.
http://goccf.com/t/346174#2967242
Take heed to what is often said here on CCF to buy the coin and not the slab.

Slabbed coins look great and can be fun to collect, but like everything else, do your homework. Understand that grading is not a science. The same coin broken out and resubmitted is never guaranteed the same grade - even by the same company.

While the above fact may not be too important for coins of lesser value, when a one point elevation in grade is marketable at a price of thousands of dollars more, then the pricing becomes about what the ink on the label says rather than the actual coin.

As has been said - post on this forum and ask questions (you already have a smart start in doing this). We are here to help.
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Bedrock of the Community
United States
20753 Posts
 Posted 07/18/2020  2:15 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

I only hope you have good or at least decent luck using ebay. For example my Son sells on ebay. And he does fairly good with sales. And he and his friends have have this thing about feed backs. They all send in great feedbacks for each other so that feed back stuff is fairly faked. And really watch for that famous UNSEARCHED stuff. Or that I am not a collector but have a lot of coins for sale. In other words, ebay is a scarry place. I never buy from ebay due to all the garbage, junk, fakes, liars, etc. As soon as the coin shows start again, that is where I'll be buying.
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Dorado's Avatar
Canada
24885 Posts
 Posted 07/18/2020  2:19 pm  Show Profile   Bookmark this reply Add Dorado to your friends list Get a Link to this Reply
To the Forum.
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Ballyhoo's Avatar
United States
1613 Posts
 Posted 07/18/2020  6:35 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
When in doubt copy the ebay link in question to the appropriate header link along with your concerns on said coin. Someone will respond fairly quickly.

In the meantime, a polished Peace dollar
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There are no problems only solutions - the late, great John Lennon
Edited by Ballyhoo
07/18/2020 6:41 pm
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plonker's Avatar
United States
462 Posts
 Posted 07/20/2020  2:16 pm  Show Profile   Bookmark this reply Add plonker to your friends list Get a Link to this Reply
Before you buy,
1. Compare the coin with a known catalog. Look for any signs of design being off. Pay attention to the type of fonts of the letters and numbers.
2. Compare the diameter and weigh. Ask the seller if not mentioned.
3. Post here when in doubt.
4. Read the reviews of the seller.

Are you collecting US coins or world coins?
New Member
United States
12 Posts
 Posted 07/20/2020  4:25 pm  Show Profile   Bookmark this reply Add chsear11 to your friends list Get a Link to this Reply
Thank you everyone for all of your tips and advice, it is much appreciated. I am starting off with US coins, I saw a Morgan dollar and a Peace dollar and was very intrigued, so that is what I am focusing on at the moment. I have found the more research and looking I am doing on collecting for these coins is easily showing me many different paths and coins that can be focused on.
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KenKat's Avatar
United States
4085 Posts
 Posted 07/20/2020  5:17 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
I've bought quite a number of nice coins on ebay. I agree with the others to start with inexpensive coins to learn the ropes a bit. Other questions / thoughts:

1) if it seems too good to be true, it probably is
2) I look at hundreds if not thousands of listings for every coin I actually buy; be very patient and selective
3) there are deals to be had sometimes; I find it is helpful to look at a seller's other listings sometimes - if all of their coins have the same "look", something funny is probably going on
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magicalmke's Avatar
United States
123 Posts
 Posted 07/20/2020  11:14 pm  Show Profile   Bookmark this reply Add magicalmke to your friends list Get a Link to this Reply
There are lots of other online auction houses besides ebay. Many deal with all kinds of price types. They may also have valuable population and price history data that ebay does not. I personally prefer slabbed especially with silver dollars and other coins of moderate or higher value. But that's a personal preference. I do find ebay prices to be relatively high and quantity of quality offerings low, but again that's a personal opinion. I also second the advice to start slow. Lots of good books on silver dollars. Maybe buy some raw circulated pieces from common dates and buy some books to learn. If your really jonesing for a high grade, 1922 and 1923 Peace dollars in MS64 and 65 can be affordable and readily found. Also several common date Morgan's in 64 are quite reasonable to start.
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